Short-term Notes of Central Bank Registered for AZN 50 Million
The Financial Market Supervision Authority (FIMSA) registered short-term notes of the Central Bank of Azerbaijan (CBA) for a total of AZN 50 million.
The circulation term of 500,000 short-term notes of CBA at a face value of 100 manat each is 28 days.
Recall that earlier on March 7, FIMSA registered short-term notes of CBA for the same amount.
In February, FIMSA registered 1 million 500 thousand short-term notes of CBA at a face value of 100 manat each.
Note that short-term notes are issued within the framework of anti-inflation measures. In addition, for the sterilization of money, CBA, starting from June 2016, holds a deposit auction every week. - 71D--
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
-
A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
-
Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
Leave a review